The Asian markets concluded Monday’s trade mostly in green, with Japanese stocks extending last week’s gain, after data showed US payrolls exceeded their pre-recession peak for the first time in May. Japan’s economy grew at a quicker pace than estimated in the first quarter, as business spending increased more than previously reported. Gross Domestic Product (GDP) grew at an annualized 6.7% in the first three months of the year, faster than a preliminary 5.9%. The nation’s current-account surplus narrowed in April from a year earlier. Japanese Household Confidence rose to a seasonally adjusted annual rate of 39.3, from 37.0 in the preceding month. Japan’s Economy Watchers Current Index rose to a seasonally adjusted 45.1, from 41.6 in the preceding month. Business investment rose 7.6% from the previous quarter, revised up from a preliminary 4.9% increase. Consumer spending climbed 2.2% more than an initial estimate of a 2.1% gain.
China’s exports rose more than estimated in May, helping to cushion the world’s second-biggest economy from a deeper slowdown as an unexpected slump in imports highlighted risks to growth. Chinese Trade Balance rose to 35.92B, from 18.45B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2030.50 | 0.55 | 0.03 |
Hang Seng | 23117.47 | 166.47 | 0.73 |
Jakarta Composite | 4885.08 | -52.09 | -1.06 |
KLSE Composite | 1863.69 | 0.99 | 0.05 |
Nikkei 225 | 15124.00 | 46.76 | 0.31 |
Straits Times | 3305.20 | 5.77 | 0.17 |
KOSPI Composite | 1990.04 | -5.44 | -0.27 |
Taiwan Weighted | 9162.74 | 28.28 | 0.31 |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: